XML 45 R19.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Discontinued Operations | 9 Months Ended
--- | ---
Sep. 30, 2014
Discontinued Operations And Disposal Groups [Abstract] |
Discontinued Operations | 12. Discontinued Operations During the first quarter of 2014, the management and the Board of Directors of AETI initiated a process to evaluate the possible sale of the AAT segment as well as other alternatives. The segment is comprised entirely of the American Access Technologies, Inc. operations in Florida. During the second quarter, the decision was made to sell the AAT business. Based on the expected value of the assets and liabilities for sale and the costs associated with the sale, an impairment loss of approximately $2.3 million after tax was recorded in the second quarter in discontinued operations results along with the $84 operating loss for the second quarter and $268 operating loss in the first quarter for AAT. Prior to the completion of the sale AAT lost $20 from operations in the third quarter. AAT results are considered discontinued operations and its assets and associated liabilities are carried as assets and liabilities held for sale. Therefore, their results are presented below continuing operating results as discontinued operations. Future periods will continue to report AAT results as discontinued in all comparative periods. The sale of all non-cash assets excluding the real property closed effective August 14, 2014. The real estate was leased to the buyer for a minimum of one year with an option to purchase and remains in assets held for sale. The following tables summarize the AAT assets and liabilities held for sale, the operating results for AAT and its impairment charge, and AAT’s summary cash flow components: American Access Technologies, Inc. Assets and Liabilities held for sale (in thousands)
| September 30, 2014 |  |  | December 31, 2013 |
| (unaudited) |  |  |  |  |
Current assets held for sale | $ | - |  |  | $ | 3,113 |
Long term assets held for sale |  | 650 |  |  |  | 2,005 |
Total assets held for sale | $ | 650 |  |  | $ | 5,118 |
Current liabilities held for sale |  | - |  |  |  | 536 |
Total Liabilities held for sale |  | - |  |  |  | 536 |
Net assets and liabilities held for sale | $ | 650 |  |  | $ | 4,582 |
American Access Technologies, Inc. Condensed Statements of Operations Unaudited (in thousands)
| Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
| 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Operating income (loss) from discontinued operations | $ | (21 | ) |  | $ | (215 | ) |  | $ | (373 | ) |  | $ | (350 | )
Provision for income taxes |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Valuation provision ("impairment") on assets for sale |  | - |  |  |  | - |  |  |  | (2,300 | ) |  |  | - |
Income taxes on discontinued operations |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net loss after tax | $ | (21 | ) |  | $ | (215 | ) |  | $ | (2,673 | ) |  | $ | (350 | )
American Access Technologies, Inc. Condensed Statements of Cash Flow Components Unaudited (in thousands)
|  | Nine Months Ended September 30, |
|  | 2014 |  |  | 2013 |
Net cash (used in) operating activities |  | $ | (1,691 | ) |  | $ | (264 | )
Net cash provided by (used in) investing activities* |  |  | 2,769 |  |  |  | (160 | )
Net cash (used in) financing activities |  |  | - |  |  |  | (31 | )
Advances (to) from parent |  |  | (1,078 | ) |  |  | 455 |
Net increase (decrease) in cash and cash equivalents |  | $ | - |  |  | $ | - |
* Includes sale proceeds of $2.3 million. Cash is not included in assets held for sale and included in the condensed consolidated statements in cash.

X
- Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration